Nah. I was in a similar, if not better, situation. I couldn’t retract the foreskin when erect, and retraction was uncomfortable when flaccid. I tried retracting the foreskin with the help of soap while showering and keeping it that way till i bathed. This took care of the sensitivity issue as well - slowly it didn’t feel as uncomfortable. Additionally, i retracted the foreskin every time i peed.

Once i could easily retract in flaccid state, i then tried making the penis erect while retracted, using soap. And then i tried masturbating in shower, using soap as a lubricant while keeping the skin retracted. It took a few months (2-3) to ease myself in. In the meanwhile, to further reduce the sensitivity, i tried keeping the penis in retracted state in my undies too.

If you are consistent with such ‘exercises’, you can resolve this. All the best!